IPPP vs. PFLD

Last updated Jun 4, 2026

IPPP (Preferred-Plus ETF) and PFLD (AAM Low Duration Preferred and Income Securities ETF 144A) are both Preferred Stock/Convertible Bonds funds. IPPP is actively managed, while PFLD is passively managed. IPPP charges 1.27%/yr vs 0.45%/yr for PFLD.

Performance

IPPP vs. PFLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Preferred-Plus ETF (IPPP) and AAM Low Duration Preferred and Income Securities ETF 144A (PFLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPPP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFLD

• 1D: 0.05%
• 1M: 0.74%
• YTD: 2.69%
• 6M: 2.90%
• 1Y: 6.25%
• 3Y*: 4.93%
• 5Y*: 1.04%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IPPP vs. PFLD - Yearly Performance Comparison

	2026 (YTD)
IPPP Preferred-Plus ETF	0.00%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	1.39%

IPPP vs. PFLD - Sectors Allocation Comparison

Sectors	IPPP	PFLD
Utilities	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

IPPP vs. PFLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PFLD

PFLD Risk / Return Rank: 60
PFLD Sharpe Ratio Rank: 54
PFLD Sortino Ratio Rank: 65
PFLD Omega Ratio Rank: 57
PFLD Calmar Ratio Rank: 57
PFLD Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IPPP vs. PFLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Preferred-Plus ETF (IPPP) and AAM Low Duration Preferred and Income Securities ETF 144A (PFLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IPPP	PFLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.85	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.17	—

Drawdowns

IPPP vs. PFLD - Drawdown Comparison

The maximum IPPP drawdown since its inception was 0.00%, smaller than the maximum PFLD drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for IPPP and PFLD.

Drawdown Indicators

	IPPP	PFLD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-33.20%	+33.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.51%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	0.00%	-4.17%	+4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.50%	—

Volatility

Volatility by Period

	IPPP	PFLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	3.39%	-3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	7.50%	-7.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.38%	-13.38%

IPPP vs. PFLD - Expense Ratio Comparison

IPPP has a 1.27% expense ratio, which is higher than PFLD's 0.45% expense ratio.

Dividends

IPPP vs. PFLD - Dividend Comparison

IPPP has not paid dividends to shareholders, while PFLD's dividend yield for the trailing twelve months is around 5.60%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IPPP Preferred-Plus ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PFLD AAM Low Duration Preferred and Income Securities ETF 144A	5.60%	6.52%	7.09%	7.09%	5.76%	4.52%	4.79%	0.82%

Frequently Asked Questions

Which ETF is better, IPPP or PFLD?

On fees, PFLD is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPPP or PFLD?

PFLD is cheaper with a 0.45% expense ratio, compared with 1.27% for IPPP.

Which ETF pays a higher dividend yield, IPPP or PFLD?

PFLD has the higher dividend yield at 5.60%, compared with 0.00% for IPPP.

What is the main difference between IPPP and PFLD?

They also come from different issuers: Innovative Portfolios and Advisors Asset Management. Their fees differ too: 1.27% for IPPP and 0.45% for PFLD.